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Economy > Government > Revenue > Tax Stats: compare key data on Singapore & Thailand

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Definitions

STAT Singapore Thailand
Maximum tax rate for individuals 3.5%
Ranked 24th.
5%
Ranked 23th. 43% more than Singapore
Sales tax, VAT or GST 7%
Ranked 57th. The same as Thailand
7%
Ranked 58th.
Tax burden, % of GDP 13.8
Ranked 130th.
16.2
Ranked 114th. 17% more than Singapore
Taxes foreign income of nonresident citizens no no
Taxes foreign income of resident foreigners no yes
Taxes local income of nonresident individuals yes yes
Taxes local income of resident citizens yes yes
Taxes local income of resident foreigners yes yes

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